Freddie Mac announced Tuesday that its board of directors has selected Kenny M. Smith as the company’s CEO.

The move is effective Wednesday and Smith will also serve as a member of the board.

Michael Hutchins, who assumed the interim CEO role in March 2025 following the departure of Diana Reid, will continue in his role as president. Reid joined in September 2024 to succeed Michael DeVito after his retirement, but was one of the top executives fired in March.

Smith, a certified public accountant, brings nearly 40 years of experience to the role. He spent 27 years at details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com